1814 ET - Cadence Design Systems customers continue to charge ahead on their research and development investment despite a challenged macro environment. Customers recognize that today's R&D efforts are critical to delivering the groundbreaking products of tomorrow, CEO Anirudh Devgan said during the company's earnings call. He says semiconductors remain foundational to transformative technologies like hyperscale computing, 5G and autonomous systems. The company raised its full-year revenue and adjusted earnings outlook. Shares fall 0.8% in after-hours trading. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 28, 2025 18:14 ET (22:14 GMT)
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